iShares Semiconductor ETF (NASDAQ:SOXX) Sets New 1-Year High Following Dividend Announcement

iShares Semiconductor ETF (NASDAQ:SOXX)’s stock price reached a new 52-week high during trading on Monday after the company announced a dividend. The stock traded as high as $622.00 and last traded at $622.00, with a volume of 304567 shares. The stock had previously closed at $596.25.

The newly announced dividend which will be paid on Thursday, June 18th. Investors of record on Monday, June 15th will be issued a $0.2827 dividend. This is a boost from iShares Semiconductor ETF’s previous quarterly dividend of $0.21. This represents a $1.13 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Monday, June 15th.

iShares Semiconductor ETF Price Performance

The stock has a market capitalization of $38.31 billion, a price-to-earnings ratio of 31.84 and a beta of 1.80. The business has a fifty day moving average of $496.13 and a 200 day moving average of $388.88.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. lifted its stake in iShares Semiconductor ETF by 47.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,904,638 shares of the exchange traded fund’s stock worth $874,732,000 after purchasing an additional 941,363 shares in the last quarter. Oasis Management Co Ltd. lifted its stake in iShares Semiconductor ETF by 100.4% during the fourth quarter. Oasis Management Co Ltd. now owns 3,100 shares of the exchange traded fund’s stock worth $934,000 after purchasing an additional 804,400 shares in the last quarter. Morgan Stanley lifted its stake in iShares Semiconductor ETF by 30.0% during the fourth quarter. Morgan Stanley now owns 2,368,608 shares of the exchange traded fund’s stock worth $713,307,000 after purchasing an additional 547,109 shares in the last quarter. Bank of America Corp DE lifted its stake in iShares Semiconductor ETF by 20.9% during the first quarter. Bank of America Corp DE now owns 3,115,278 shares of the exchange traded fund’s stock worth $1,023,867,000 after purchasing an additional 538,125 shares in the last quarter. Finally, Bank of Nova Scotia lifted its stake in iShares Semiconductor ETF by 5,159.3% during the fourth quarter. Bank of Nova Scotia now owns 451,617 shares of the exchange traded fund’s stock worth $136,005,000 after purchasing an additional 443,030 shares in the last quarter.

iShares Semiconductor ETF Company Profile

iShares PHLX Semiconductor ETF, formerly iShares PHLX SOX Semiconductor Sector Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the United States-listed semiconductor stocks as represented by the PHLX Semiconductor Sector Index (the Index). The Index is an equity benchmark for the United States-listed semiconductor stocks. The Index includes companies primarily involved in the design, distribution, manufacture and sale of semiconductors.